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Cyprus, 15 February 2011

 

The Extraordinary General Meeting of SeaBird Exploration Plc ('SeaBird") is completed. All proposals on the agenda were adopted.  

 

The Extraordinary General Meeting (EGM) of SeaBird has approved the increase of the authorized shares to 395,000,000 whereof 174,895,831 shares are currently issued.

 

The EGM has elected Mr. Jostein Ueland and Mr Vidar Hovland as Directors to SeaBird Exploration Plc for a term until the annual general meeting in 2012.  Following this. the Board of Directors constitutes Mr. Frans Malmros, Mr. Jan-Eivind Fondal, Mr. Robert Lane, Mr. Ola Lorentzon, Mr. Melvin Teigen, Mr. Jostein Ueland, Mr. Vidar Hovland, Mr. Tim Isden and Mr. Kjell Mathiassen. 

 

For further queries contact:

 

Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075 

 

Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: +47 920 51 455

 

SeaBird Exploration PLC "SeaBird" is a global provider of marine solutions for seabed acquisition of 3D/4C/4D multimode seismic data with OBN operations, marine 2D and 3D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow water 2D/3D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Health, Safety, Security, Environment and Quality (HSSEQ), combined with efficient collection of high quality seismic data.

 

All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)